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Economy

Renewables to Cover 50% of Electricity Demand in Greece

ATHENS – Renewable energy sources will cover 50% of electricity demand in Greece by the end of 2022, Environment and Energy Minister Costas Skrekas said on Wednesday.

Addressing an Economist conference in Athens, Skrekas said renewables covered 30% of electricity demand in 2018, a percentage that increased as new renewable energy source units were added in the system with a total power of 5,000MW in the period from 2018 until 2021. He noted that the rate of installing new units will rise in the coming years with new units with a total power of 2,000MW expected to be added from 2023 onwards, raising the total share of renewable energy sources to 62%. Skrekas said that a new law simplifying licensing procedures will help in achieving these goals, along with works to upgrade networks and install electricity storage units.

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